威力彩玩法

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07 Sep 2021, 14:01
Benjamin Wehrmann

NGOs table expert report to push Germany鈥檚 sustainable finance strategy

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Better company reporting, more good examples set by the state and improved transparency in the real estate sector are three key areas where Germany could improve its sustainable finance ambitions and gear the sector towards fulfilling its pivotal role in decarbonisation, an commissioned by NGOs Finanzwende Recherche and WWF Germany has found. At the beginning of the year, Germany鈥檚 sustainable finance committee published dozens of recommendations that were then inadequately incorporated into the government鈥檚 sustainable finance strategy, the NGOs said. 鈥淔inancing decisions create tomorrow鈥檚 economy,鈥 said Finanzwende head Gerhard Schick. He explained that public investments should routinely be made compatible with the Paris Agreement鈥檚 goals and no longer undermine climate policy. In addition, better data collection through company reporting and disclosure rules are needed to lay the foundations of a proper climate risk assessment system that shapes the sector鈥檚 functioning in the future, WWF鈥檚 Matthias Kopp said. 鈥淪ustainability reporting has to become a standard in financial reporting,鈥 he stressed, arguing that company activities so far 鈥渄o not make a relevant contribution to the transformation.鈥

Germany presented its sustainable finance strategy in May 2021, announcing it should make the country a global leader in sustainable finance and help mobilise money for greening the economy. The strategy proposes a 鈥渢raffic light鈥 system to identify green investment opportunities, announces the reallocation of nine billion euros in equities Germany holds in pension and welfare funds into green investments, and the plan to make sustainable finance the priority of Germany鈥檚 G7 presidency in 2022.

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